A. Sartorius Baron von Waltershausen. "The National Economic System of Capital Investment Abroad" *. Berlin, 1907. (P. 442.) (The work is divided into 4 books:... I managed to flip through most of it, selecting the most important material.)

Argentina = "in reality a commercial colony of England" (45-6), "into which it has invested capital exceeding 50 million pounds sterling" (46)...
50x25 = 1,250 million fr. = 1¼ billion francs

French capital
in Russia approx. 9-10 billion francs (by 1906 estimate) (p. 48)
" Belgium " 0.6 " "
" England " 0.9 " "
" Switzerland " 0.4 (and up to 1.0)
" Germany " 0.2-0.3 (Leroy-Beaulieu. "L'Économiste Français", 1902. II, p. 449 and
following.)
" Spain 3 billion francs (p. 53)...
" Tunisia 512 million francs... (p. 50)

French capital abroad
30 billion francs (p. 55) (L.-Beaulieu, ibidem)
34 " " (L.-Beaulieu: p. 98)
(*) 40 " " (1905: author's calculation, p. 98)

* See V. I. Lenin. Works, 4th ed., vol. 21, p. 217 and vol. 22, pp. 250, 264. Editor.

English capital in America (1857) - 80 million pounds sterling (p. 62 - according to Marx's "Capital," III, 2, p. 15, note) 59

"It is calculated that England at present receives from the United States in the form of profit and interest on capital approximately 1 billion marks" (68).

(*) English capital abroad (by Speyer's estimate for 1900) = 2,500 million pounds sterling (p. 94).
X 20 = 50 billion marks
+50 million per year X 5 (1901-5)
250 x 20 = 5,000 5+50 = 55 my calculation

German capital abroad [funds only]
up to 10 billion marks (1892)
(p. 101)...
up to 16 " " (author's estimate,
= p. 102, for
1906)
+ 10 not in funds (p. 104)

(*) 26 billion marks

German capital in German colonies (1904) = 370 million marks (p. 133)

B. Harms (*)Ergo (1905)
(p. 234 and following) billions
following.) marks
70-65 England 55 35-34 France 32 35-35 Germany 26
140 134 113

Foreign capital
in Austria-Hungary (1903) = (p. 107)
9,809 million crowns
of which Germany .. 4,653
France 3,270
Holland .. 647
England 356
Belgium 243
Switzerland 242
other .. 398

Idem B. Harms. "Problems of World Economy," Jena, 1912, p. 236.

NOTEBOOK "ξ" ("KSI")

Romanian kerosene
(1905) (p. 145-6):
Capital millions
(private) francs
Germany - 92.1
Holland - 8.0
England - 5.2
France - 6.5
Belgium - 4.0
Italy - 7.5
America - 5.0

Colonial (separate bank divisions) KI (1905) capital
separ- mil-
ate lions
branches
England (p. 151) 2 136 35.5 pounds
+ 175 17.2% " "
France 136 328 fr.
Holland 67 98 guilders
Germany (p. 152) 87 60 marks

Belgian capital in Foreign capital in
Russia (1900) = 494 mil- the United States of
lion francs (p. 182). America (p. 240). America's loans (1902):
3 billion dollars
in enterprises etc.
England - 4 billion marks (approx.) (p. 242) Germany 2 " "
France 450 million francs

..."Among the major money markets, equilibrium is often maintained at the present time; however, depending on particular circumstances, the center of gravity shifts now to London, now to Paris, now to New York" (251)...

American capital in Mexico (1902) - 500 million dollars (p. 243)... in Cuba - 159 million dollars (p. 244).

Since 1900 they have achieved "colossal successes" in Brazil (243)...

total American capital abroad (p. 245).

millions
of dollars
(1897) - 600 - 800 (1902) - 1,300 - 1,500


In 1870-1 Leroy-Beaulieu considered France's property (national) to be 140 billion francs, annual savings 2 billion francs (p. 348, chapter: "Export Capital and War"); foreign capital = 15 billion (their income = 600-700 million).

Russia's State Debt
(1906)
- 9 billion rubles or 20 " marks
(p. 292-3)
of which 9-10 " marks
France, 2-3 " marks
Germany,
the rest England,
Holland, Austria (!!)

The fourth book - "Export Capitalism and Society" (357-442) is devoted mainly to the question of the "rentier state" (example of Holland) - now England and France are becoming such - "Germany's World Economic Tasks" (chapter III of book 4):

In this chapter the author presents himself as a thoroughly defined German imperialist patriot. He is for the peaceful division of influence (and profits) in Africa etc. (p. 424-5 and others), but is fully ready for war (440 at the end)... For armaments...

..."China, Morocco, the Congo state, the Ottoman Empire, Russia... still present some prospects for capitalists and entrepreneurs" (423)...

..."Africa... a European domain" (425), if we concede America to the United States. ..."The greatest future for the export of European capital lies between Cape Blanco and the Cape of Needles" (425)...

The socialists supposedly have "utopias"... (Marx and Engels are cited)... In reality, the modern social system offers excellent prospects for the worker. Most rich people come from workers and common folk (see "The History of Modern Wealth" by C. Schmidt-Weisenfels, Berlin, 1893, "contains instructive examples, for instance, Borsig was a carpenter, Krupp was a metal-working laborer, Leutenbrger was a small manufacturer, Lanna was a shipbuilding worker... Siemens was a tenant farmer... Dreyse was a locksmith... Rothschild was a small trader," etc.)...

NOTEBOOK "ξ" ("KSI")

We Germans, it seems, do not yet know how to value our colonies and their significance as the English do (434)...

Workers benefit, as a class, economically from colonies and world POLITICS... Socialism is stagnation: "Unscrupulous demagogues dare to preach this stupidity to the politically immature working masses as a gospel of peace and contentment" (437)...

..."Our social democracy does not wish to hear about the steady rise of universal national well-being... It strives for the unification of proletarians of all countries in order to destroy capitalist society. As is known, this idea has not justified itself either in terms of agitation or in terms of any useful social results. Why then demand the destruction of old dwellings if it is impossible to build a common new house? To this one can only answer with agitational phrases, which are opposed to the life-giving concept of nation" (438)...

Praises the "realism" (438 and 9) of English workers (struggle against immigration) and desires the same for German workers...

NB by the same author: "Materials on the Question of the Economic Federation of Central Europe" in "Zeitschrift für Sozialwissenschaft," vol. V, issue 7-11.

End
